The difference of Rs 6 billion reflected growth of over 4 percent in November 2012 when compared with November 2011. When the revenue collection was Rs 134 billion in November 2011, the FBR has witnessed a growth of more than 25 percent. The FBR is required to have minimum growth of 25 percent during 2012-13 as compared to nominal growth of over 4 percent in November 2012.
The FBR has maintained growth of 24-30 percent during July-November 2011-12. During first quarter of 2011-12, the FBR has witnessed a growth of 31 percent. Therefore, the average growth comes around 25 percent during July-November 2011-12. On the other hand, the FBR has provisionally collected Rs 688 billion during July-November 2012-2013 against Rs 646 billion in same period of 2011-12. The growth in revenue is around 6 percent during July-November 2012-13 as compared to the corresponding period of 2011-12. In 2011-2012, the collection in July stood at Rs 112 billion; August Rs 122 billion; September Rs 150 billion; October Rs 128 billion and revenue collection in November was Rs 134 billion. The growth pattern in July-November 2011-12 reflected that the FBR has maintained average growth of 25 percent in all five months of 2011-12.
The FBR has collected Rs 112 billion in first month of 2011-12 against Rs 77 billion in 2010-2011, reflecting a growth of 45.5 percent. In August 2011-12, the FBR has collected Rs 122 billion against Rs 100 billion in August 2010-11, showing a growth of 22 percent. The Board has collected Rs 150 billion in September 2011-12 as compared to Rs 116 billion in 2010-11, reflecting a growth of 29 percent.
During first quarter of 2011-12 the FBR has witnessed a growth of 31 percent as compared to same period of 2010-11. The FBR has collected Rs 128 billion in October 2011-12 as compared to Rs 103 billion in October 2010-11, reflecting a growth of 24 percent. The FBR has collected Rs 134 billion in November 2011-12 against Rs 103 billion in same period of 2010-11, showing a growth of 30 percent.
According to the sources, revenue collection would cross Rs 145 billion on compilation of final figures. In the next few days, the revenue reporting from far flung areas and reconciliation of data would result in further improvement in revenue collection. The FBR will generate Rs 4-5 billion in coming days and revenue collection for November 2012 would stand at Rs 145 billion to Rs 146 billion.
Latest data revealed that the FBR has collected Rs 549 billion during July-October 2012-2013 against Rs 613 billion target for the period under review. During first quarter 2012-13, the FBR has collected Rs 409 billion against the target of Rs 437 billion during this period.